New Delhi: The country's biggest fuel retailer Indian Oil Company had reduced petrol diesel price in the national capital to 9 paise to rs 77.14 per litre on Monday, while of diesel by 5 paise to 68.72 per litre.

The downward price revision was also implemented in other major cities. Petrol prises in three cities Mumbai, Chennai, Kolkata were reduced to Rs 84.58, Rs 80.14 and Rs 80.10 per litre, respectively. While diesel prices were reduced to Rs 72.96, Rs 72.59 and Rs 71.56 per litre, respectively, on Monday.

On 29th May, the petrol and diesel prices got hiked to the max level of Rs 78.43 per litre and Rs 69.30 per litre, respectively and have decreased since then.

The oil companies, on June had dumped the 15 year old practise of revising rate on 1st and 16th of every month and had implemented daily prise revision.